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MONTVALE, N.J. -- The Great Atlantic & Tea Co., Inc. (A&P) here has entered into a long-term partnership with Security Check, LLC, an Oxford, Miss.-based check-processing service provider. Security Check's program at A&P includes total returned check management services and collections.
The company's seamless solution for the Mid-Atlantic regional grocer features returned check consolidation, electronic re-presentment, primary collections, secondary collection services, and data management. The goal of the implementation was to lower processing costs and boost working capital.
Rob Vincent, chief marketing and sales officer at Security Check, told Progressive Grocer that the program had been rolled out chainwide several months ago.
"At A&P, we are constantly exploring ways to enhance our business. Reducing risk in accepting checks as one of our popular forms of payment is a prime example," noted A&P director of communications Rick DeSanta in a statement. "By partnering with Security Check, we have been able to find fresh ideas to help assist with our payment solutions approach."
"When we first started working with A&P, we made a commitment to understand their business and customized unique solutions based on our years of experience and industry best practices," said Security Check president William Alias III. "In our business, it is critical to separate yourself from other payment solutions firms. That is why we strive to customize collection processes that will work well with our client's business philosophy."
A&P operates 403 stores in the United States under eight retail banners, which include conventional supermarkets, food and drug combination stores, and discount food stores. Annualized sales volume is approximately $11 billion.
Security Check is a privately owned and operated company that offers a full range of payment and customized process solutions.